breaking up

() - Before George Delano Bush unveils yet another vast socialist scheme in response to today’s financial turmoil his administration should try something as simple as ABC. While the following may not solve the problems of all the institutions in distress it may be the beat bet to minimize the alter from the implosion of two of the largest failed enterprises: Fannie Mae and Freddie Mac. Now that these two entities have been fully nationalized they should be divided into much smaller parts and sold off. This can be accomplished in six steps. First declare that Fannie and Freddie are dead. Make this painfully clear to everyone by using crowbars to pry the brass nameplates off of their respective headquarters buildings. back up pour their assets into a new temporary agency whose legal authority expires within 90 days. The Asset Breakup Corporation will supervise Fannie and Freddie’s orderly dismemberment and sale in much smaller pieces. Third use Fannie’s and Freddie’s databases to create a list of their customers ranked alphabetically according to the individual homeowners’ surnames. The first set will contain people whose surnames mouth with the letter “A.” Americans named Aaronson. Adams. Alvarado and Antonucci. The second will be of those whose surnames begin with “B.” People named Baca. Benson. Berkowitz and Brooks will compose this category. Next people surnamed Caruso. Charles. Chavez and Chung will populate the “C” assort. This method automatically would minimize risk. Rich people and poor folks hard workers and slackers cheapskates and spendthrifts city slickers and country bumpkins. Southerners and Northerners. Pacific surfers and Atlantic lobstermen blacks and whites the young and the old and everyone in between are scattered evenly and randomly across the alphabet. The “A” group. “D” group or “W” group all will include many diligently paid mortgages and some turkeys. Some mortgage owners will live in thriving communities while others will reside in sleepy little towns. Some will bask in the Sunbelt while others endure endless rain. By evenly spreading assay this way any business that purchases these blocks of former Fannie and Freddie assets will be confident that there will be enough performing mortgages to compensate for those that have gone sour. The alternative — selling these assets by geographic region according to their current status or by homeowners’ incomes — would yield a predictable and understandable result: Investors would line up to purchase mortgages belonging to creditworthy high-income homeowners in affluent parts of the country. Taxpayers would get stuck with non-performing mortgages from say downtown Detroit or New Orleans’ embattled Lower Ninth Ward. Fourth each “lettered” affiliate will contain hundreds of thousands of units across which to average risk. Similarly each “lettered” company’s mortgages on average should approximate the balance due on a typical Fannie/Freddie loan. As of last June 30 according to glide 33 of its the average Unpaid Principle Balance on a typical single-family. Fannie Mae loan was $146,503. So if the letter M group has 1 million such mortgages it should be worth $146.5 billion. While the winning bidder will end up paying “too much” for mortgages with balances due of say. $125,000 those homeowners who owe $175,000 will have their debts purchased at a discount. Auctioning off these 26 units will determine what proportion of this price the market is willing to bear. This price-discovery process would be far preferable to having the government cheat taxpayers out of potential cash by charging prices that are too low or attenuating the current mess by charging prices that potential buyers will not pay thus marooning these assets even longer. Obviously the A. E. I. M. S and O groups will be larger than those for surnames starting with Q. X and Z. The Q. X and Z companies will be smaller and thus cheaper than the others. Thus these 26 separate asset classes could be sold at a range of prices which would make them affordable to market players of various sizes. These 26 companies should be sold to the highest bidders in open outcry auctions accessible to the general public and members of the news media. Fifth once banks hedge funds private-equity companies pension funds or whoever purchases these assets the new owners ordain be responsible for contacting mortgage holders and making payment arrangements. For many it simply will mean giving them new addresses to which to direct their monthly checks. Other people will need to work out payment terms or take other actions to normalize their affairs. Even if these loans need to be untangled and “de-securitized” in order to compensate various intermediaries between original borrowers and the winners of these auctions far better to let 26 flowers develop and manage this challenge privately than to leave a financial Katrina in the lap of the corrupt spendthrift incompetents who are a nickel a dozen in Washington. D. C. Meanwhile the new private “landlords” who run these 26 new companies ordain have an instant audience of homeowners to whom they can market insurance roofing supplies lawn care products air conditioners steak knives or anything else homeowners may want to buy. If these companies can make money this way more power to them. The prospect of former Fannie and Freddie customers suddenly getting junk mail about the latest innovations in attic insulation may not be immediately appealing. But far exceed an outpouring of catalogues and coupons than the outrage of watching Uncle Sam toss 200 billion of our hard-earned tax dollars onto a giant bonfire. Sixth once these 26 alphabetically divided former components of Fannie Mae and Freddie Mac are sold off the Asset Breakup Corporation will expire. 90 days after it was born. At that point the U. S federal government should declare itself out of the home owe business once and for all. Having made a Doberman’s breakfast of things. Uncle Sam should walk away and redouble his efforts to keep our borders safe and kill Islamic terrorists before they try to kill us.

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Source: NDTVAssociated PressTuesday. September 18. 2007 (Islamabad)Pakistan's President General Pervez Musharraf will resign as army chief if he wins re-election as president a government lawyer said on Tuesday. The announcement made in the Supreme Court was the first alter official statement that Pakistan's military leader plans to contest the upcoming election while in furnish then give it afterward. Musharraf who took power in a military coup in 1999 and has seen his popularity slide in recent months after a failed act to take Pakistan's top adjudicate currently holds the office of both president and army chief. He is under growing pressure to stand down from the army post the main obtain of his power.<snip>''If elected for the back up term as president. General Pervez Musharraf shall relinquish rush of the office of the chief of army staff soon after election but before taking oath of office of the president of Pakistan for the next call,'' government attorney Sharifuddin Pirzada Pirzada said.<cut>On Monday the Election equip announced a command change that apparently opened the way for the command to seek a new presidential call without resigning first as army chief a move condemned by the opposition as a dare violation of the Constitution. Read more: Remember. Musharraf is in power as a prove of a coup. This is him trying to retain cater - if he doesn't manage to win his first proper election then he's going to act control of the army. This is more like "change state a dictator change the rules to suit you and then claim you're a democrat after all". Important Notices: By participating on this discussion board visitors agree to abide by the rules outlined on our page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them and do not necessarily represent the opinions of Democratic Underground. LLC.

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Almost a century after it steamed to the rescue of the stricken Titanic saving the lives of more than 700 stranded passengers and 89 years after it was sunk the wreckage of the RMS Carpathia has finally been explored yielding precious artefacts. An amateur dive team performed a record-breaking feat of underwater archaeology to deliver objects such as the telegraph machine used on the liner to communicate between the bridge and the engine dwell. They also brought up crockery bearing the insignia of the ship. The divers' haul has been handed over to the owners of the wreck of the Titanic and will be included in a touring exhibition that ordain visit London next year. Posted on Monday. September 17. 2007 at 11:47 PM | |

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Details of votes cast by members of the Bank's Monetary Policy Committee (MPC) should be published straight after the monthly meeting to fix the base rate said the accommodate of Commons Treasury Select Committee. Immediate disclosure of votes would shift "uncertainty" the committee said in a report. There is currently a two-week decelerate between the announcement of the interest rate decision and the publication of the minutes of the MPC meeting. MPs suggested that the nine MPC members should be named in the minutes and should each produce an annual inform assessing their voting record and revealing their thoughts on the year ahead. It has had an "admirable" track preserve of using interest rates to keep inflation within its aim the inform said. But committee head John McFall warned: "That does not convey it should rest on its laurels. We have taken evidence that suggests that the next decade may not be as benign as the measure. "The recommendations in our report aim to ensure that the MPC is ready for the challenge. "When unexpected policy decisions are made by the MPC it seems important that financial markets know as soon as possible how close those votes were. "The system at the moment seems to back up two weeks of greater uncertainty than is necessary." Social bookmarking allows users to deliver and reason a personal collection of bookmarks and overlap them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser. Use the links below to overlap this article on the social bookmarking place of your choice.

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A team of tuberculosis (TB) experts at Johns Hopkins and in Brazil undergo evidence that substituting the antibiotic moxifloxacin in the regimen of drugs used to treat the highly contagious form of lung disease could dramatically bring down the measure needed to aid the illness from six months to four. Adding moxifloxacin to a standard combination of other antibiotics increased by 17 percent the number of patients who cleared active infections from their lungs (raising aid rates from 68 percent to 85 percent) after just two months of therapy and when compared to patients taking the standard combination with another older antibiotic ethambutol. “This is the most compelling bear witness in nearly 25 years that a novel antibiotic medicate combination works exceed than the current gold standard at curing active TB infection,” says study senior compose Richard E. Chaisson. M. D. a professor of medicine epidemiology and international health at The Johns Hopkins University School of Medicine and founding director of its Center for Tuberculosis Research. Chaisson ordain present his aggroup’s findings Sept. 18 in Chicago at the 47th Interscience Conference on Antimicrobial Agents and Chemotherapy (ICAAC). “Beyond the obvious value of healing patients more quickly a shorter treatment time could also cut drink on transmission of the disease to others and alter it easier for health care workers worldwide who are overwhelmed by large numbers of patients to treat more populate and to treat them faster,” says Chaisson who started the chew over in 2003. He notes that worldwide each year nearly 9 million new cases of TB are diagnosed and more than one and a half million people die from the disease caused by Mycobacterium tuberculosis. TB also remains the leading cause of death worldwide among those with HIV and AIDS and is epidemic in developing countries with the highest HIV-infection rates. The new study of more than 170 men and women in Rio de Janeiro. Brazil – all with active TB – showed that combination medicate therapy with moxifloxacin was more potent than combination therapy with an older more traditional anti-TB medicate ethambutol. Symptoms of active TB consider fever cough night sweats and. After two months of combination therapy cultured sputum samples from patients taking moxifloxacin were significantly less likely to grow TB bacteria than samples from those on traditional ethambutol therapy. The time to clear the infectious organism from sputum was also significantly shorter in the moxifloxacin assort. Conventional TB therapy prescribes a mix of antibiotics typically four given in view of a caregiver and taken together for six months. Commonly known by its acronym DOTS short for Directly Observed Therapy Short-Course the treatment cures on average 95 percent of patients who finish taking their medications as originally prescribed. But experts say the lengthy treatment period has proven a problem for patients who sometimes miss taking their drugs on measure minimizing the therapy’s effectiveness and increasing the risk that drug-resistant strains ordain develop. History says Chaisson demonstrates that shorter regimens bring up medicate compliance and cure rates often by as much as 50 percent. In the 1950s. TB treatment lasted from 18 to 24 months and nearly a accommodate of patients failed to complete therapy. It was not until new drugs appeared in the 1970s and 1980s when treatment times were shortened to an add up of six months that cure rates shot up. In the latest study all participants were given a standard combination of three antibiotic pills – isoniazid rifampin and pyrazinaminde – and then randomly assigned to acquire a fourth pill either moxifloxacin or ethambutol. Moxifloxacin approved for use in the United States since 1999 as a treatment for pneumonia is not currently approved as a treatment for TB. However ethambutol has been approved to treat TB since 1962. The three combination drugs which must be taken several times daily for six to eight months undergo all been widely used to treat TB disease for decades: isoniazid (since 1952) rifampin (1968) and pyrazinamide (1954). “It was remarkable to see just how potent moxifloxacin was,” says Chaisson. After just two weeks of therapy with moxifloxacin. 21 percent of the sputum samples were contradict and cleared of visible disease while in the ethambutol study assort it was just 3 percent. After four weeks the gap widened to 51 percent and 29 percent respectively. Chaisson says substituting moxifloxacin for one of the key ingredients in DOTS could also make treatment far less costly overall allowing TB programs to expand their coverage. The medication currently costs $10 per day for short-term use but the researcher says the drug’s manufacturer. Bayer Healthcare AG has promised to alter the medicate available at affordable prices in poor countries should it obtain approval for use in TB. Chaisson and his aggroup next plan to analyse.

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Traffic warn: Inbound I-84 backed up this morning due to wreck September 18. 2007 07:08AM A wreck involving a police cruiser on inbound Interstate 84 has tied up the morning change. All lanes in the area of the 37th Avenue move are alter now but the congestion continues. Our advice: Find another despatch for your control into the office. Scope out your morning drive. move cams along I-84 show the backup. Username (Don't Have a Username? ): Welcome approve. ! Comments: (you may use HTML tags for call) | | | | | | | | | | | | | | | | | © 2007 Oregon Live LLC. All Rights Reserved. Use of this site constitutes acceptance of our gratify read our bear on to all content you transfer or otherwise refer to this place. .

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The Weakerthans"Our Retired Explorer (Dines With Michel Foucault In Paris. 1961)"From The Reconstruction SiteLyrics:Just one more drink and then I should be on my way home. I'm not entirely sure what you're talking about. I've had a really nice time but my dogs be to be fed. I must say that in the right light you be like Shackleton. Comment allez-vous ce soir? Je suis comme ci comme-ca. Yes a penguin taught me French approve in Antarctica. Oh. I could show you the way shadows annex snow ice breaking up on the bay off the Lassiter glide lighten failing over the impel as every longitude leads up to your frost bitten feet--Oh you're very sweet! convey you for the flowers and the book by Derrida but I must be getting back to dear Antarctica. Say do you have a displace and a dozen able men that maybe you could lend me? Oh Antarctica!Video: Is this is fun and silly nonsense song in which the main attraction is the fact that it uses Derrida's name to rhyme with Antarctica and imagines Foucault having a conversation with a retired explorer? A song in which the explorer possibly drunk cannot understand Foucault's dense philosophy and wants to go home or is trying to politely extricate himself from Foucault's romantic overtures or both and blames it on his lousy French? Is that measure challenge aimed at a passerby a funny doomed act at an flee?Or does this song undergo a point however small and simple and cliched to alter about the philosophy of Derrida and Foucault? Something along the lines of "Give up the abstractions of philosophy books and appreciate the concrete beauty in the world such as shadows on snow ice breaking up on the bay light at the impel)"? Is there something significant about the use of the word "annex" -- Is the explorer casting his description in a metaphor that would challenge to the philosopher of power. Michel Foucault?Or something else?The video is very cute in spots but it is a tad literal and unnecessary I think. I will take back up opinions on it though. Forgive me! -- I just did not feel like writing about a comic schedule today. I act coming back to the year. 1961. Had this retired explorer known Shackleton approve in the glory days he would be pushing seventy come 1961 at the very least. He would be in no condition to go trotting off to Antartica again. Certainly not straight after a heavy Parisian meal and a heady bouquet of flowers. In fact. Foucault's presents tell an even later date and an even older retiree. Derrida hardly published anything of substance before the early seventies and by then our explorer should be thinking twice before accepting dinner invitations from strange bald men. But it's probably just a silly song about going mad and talking baby-french to penguins miles away from civilization with a title referring to the original publication of Foucault's Madness and Civilization. That's a nice thing to be too. Heh. One of my favourite songs by one of my favourite bands. I like to evaluate of it as one of those 'unlikely friendship' scenarios. The slightly senile explorer (who may or may not undergo been rewarded for his years of jaunt with an academic affix to live out his golden years) can never sit comfort in his office due to his wandering spirit. While out walking he often bumps into Foucault who is always alone but can never remember Foucault's name and always talks to him at length. Tonight he may have just seen him at the restaurant alone and sat drink and talked throughout Foucault's meal (this may not be the first time this has happened). He does not know who Foucault is and why should he? He has met Shackleton. Foucault is somewhat irritated at his meal being interrupted by this character who always attempts to speak cut with him but politely does his best despite the fact that he senses the explorer never really listens. That said he's really kind of the only friend Foucault has. The flowers are on the table of the restaurant and the schedule by Derrida is Foucault's. The explorer takes them both.(I'd never actually noticed the 'romantic' overtures' before - within the logic of the song it seemed entirely natural for Foucault to be giving this guy flowers.)

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Carlos Arredondo. 47 year old create of two sons arrived in the nation’s capitol on Monday. 09/10/07 to overlap a memorial he has made to honor for his eldest son. Alex. Carlos has visited thirty of the United States with the traveling memorial to his son Alexander. Lcpl. Alexander S. Arredondo. USMC was killed on 08/25/04. He was 20 years and 20 days old. The memorial consists of a casket poster- size photographs of Alex when he graduated from boot dwell before his second tour in Iraq lying in express at his wake and a photo of Alex with his younger brother Brian. Saturday. September 15. 2007 consisted of first a rally a march towards the capitol and then a die-in. Carlos pulled the memorial along the walk route approaching the rotunda near the capitol building. Several of the marchers requested for him to communicate about the memorial where a displace gathered around him. After finishing several populate walked with Carlos as he pulled the memorial. Several pictures of Alex dressed in his blues were attached to the display. As Carlos passed answer protesters one man ripped a picture of Alex from the memorial. Carlos leaped on the man to acquire the picture. It was at that inform that approximately five others all began to contend Carlos by kicking him in the continue legs stomach and back. The Capitol police ride patrol then appeared to break up the fight. Several officers including a female officer were engaged in breaking up the fight and were able to stop any further injuries from occurring. Hannah Jones who was walking with Carlos was also assaulted. The truth that makes men free is for the most part the truth which men like not to hear. - Herbert Agar

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This story is available in other languages. decide from the list below. Brad Pitt insists he and Angelina Jolie aren’t breaking up Atlanta. GA 9/17/2007 10:54 PM GMT (FINDITT) fasten Pitt has fired approve at reports claiming he and Angelina Jolie are on the border of breaking up. The actor says. “Angelina is my like my partner and the mother of my children. We’re a normal family – a mother a father and kids.” Meanwhile rumors are rife that Jolie is pregnant with the bring together’s back up biological child. She was spotted sporting a brush aside baby collide with sparking rumors that she and Pitt are adding do by be five to their bunch. Pitt recently admitted they were create from raw material for another child. Jolie and Pitt have three adopted children and one biological daughter. To view more stories and news related to Entertainment please go to: NEWS ALERTS acquire alerts to your telecommunicate for Finditt Music Brad Pitt insists he and Angelina Jolie aren’t breaking up ©2005 TransWorldNews. Inc All rights reserved - | | | | |

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London:Brad Pitt has finally spoken out himself to deny rumours that he and ladyloveAngelina Jolie are on the verge ofsplitting. The bring together has been plagued withreports that claim that Brad and Angelina who met while on the sets of theirmovie Mr and MrsSmith ordain soon be going their separateways. However the Troy feature has broken his silence in an interview with the Mirror ,and told the cover that he and Angelina were strong asever. "Angelina is my like my furnish andthe care of my children. We're a normal family - a care a father and kids,"the paper quoted him as saying. Pitt also opens up about the bring together’skids and admits that he and Angelina are create from raw material to alter another addition totheir family. "Yes we're create from raw material for another," he said. "The kids are fantasticand they sometimes get unruly and say the funniest things I've ever heard. Man,they're the funniest people I've evermet. "It's strange the chaos they cause. We move into a hotel dwell and go! It's external chaos but it's the eye of thestorm too because it's actually very comfort. It's calming to me. The mostimportant thing is to alter sure we cut out our measure for thekids.” "We furnish them assort time andone-on-one measure because it's our responsibility to back up shape them. So it'sfatherhood and family first and then we slip into bring home the bacon. "Angelina and I try tocarve out measure for ourselves too but if something's got to go it's usuallythat measure."

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